We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Republic of Korea - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Republic of Korea - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Republic of Korea: Oleo Oils Market 2024

Oleo Oils Market Size in Republic of Korea

The South Korean oleo oils market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oleo Oils Production in Republic of Korea

In value terms, oleo oils production contracted remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 86% against the previous year. Oleo oils production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Oleo Oils Exports

Exports from Republic of Korea

After three years of growth, shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -44.6% to X tons in 2021. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 117% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, oleo oils exports dropped dramatically to $X in 2021. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 127%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for oleo oils exports from South Korea, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +8.8%.

In value terms, Japan ($X) also remains the key foreign market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exports from South Korea.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +8.0%.

Export Prices by Country

In 2021, the average oleo oils export price amounted to $X per ton, growing by 6.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to -0.7% per year.

Oleo Oils Imports

Imports into Republic of Korea

In 2021, approx. X tons of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were imported into South Korea; with an increase of 61% against 2020 figures. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 516% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, oleo oils imports soared to $X in 2021. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 869% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of oleo oils to South Korea, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +10.6%.

In value terms, the United States ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to South Korea.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +23.5%.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +11.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of oleo oils consumption in 2020 were Ireland, the United States and Malaysia, with a combined 57% share of global consumption. These countries were followed by the UK, Sudan, Egypt and the Netherlands, which together accounted for a further 31%.
The countries with the highest volumes of oleo oils production in 2020 were the UK, Ireland and the United States, with a combined 75% share of global production.
In value terms, the United States constituted the largest supplier of oleo oils to South Korea.
In value terms, Japan remains the key foreign market for oleo oils exports from South Korea.
The average oleo oils export price stood at $919 per ton in 2020, stabilizing at the previous year.
In 2020, the average oleo oils import price amounted to $1,568 per ton, picking up by 38% against the previous year.

This report provides an in-depth analysis of the oleo oils market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended reports

Asia - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 383

This report provides an in-depth analysis of the oleo oils market in Asia.

World - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 958

This report provides an in-depth analysis of the global oleo oils market.

EU - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 389

This report provides an in-depth analysis of the oleo oils market in the EU.

U.S. - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 364

This report provides an in-depth analysis of the oleo oils market in the U.S..

China - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 346

This report provides an in-depth analysis of the oleo oils market in China.

Free Data: Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - South Korea
Table
Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - South Korea - Table
Dashboard
Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - South Korea - Dashboard
Report
Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - South Korea - Report